Yala's stablecoin YU has become significantly de-pegged.

According to Odaily Planet Daily, on-chain data shows that the Yala stablecoin YU has significantly de-pegged, currently trading at $0.44 on the Ethereum mainnet and $0.368 on Solana.

Previously, it was reported that suspicious lending activities similar to USDX occurred in Yala's stablecoin YU over the weekend. Yala responded yesterday, stating that it was aware of the community's concerns about the stablecoin YU and was conducting an investigation.